Seems like he can't be sure how confident the Bitcoin community will be to invest in him when he lifts the referral requirement. There are a lot of gamblers out there, but how many will go direct rather than use a pass through?

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Literally the only way Van could "chance the outcome of Aug 14th" is if BS&T is completely shutting down on that date. This seems impossible, given that we've seen no signs of Pirate winding down his business. That leaves us with Pirate defaulting on that date. That being said, if you have funds with Pirate, you really shouldn't wait until then to withdraw, as you might be too late. Get out now.

Well, it's one thing to put money into something I didn't understand. But that thing I didn't understand was paying 7% a week. So I rolled the dice for a while for a not-unsubstantial portion of my BTC holdings.

But now that thing I didn't understand is saying things I don't understand concerning that thing I didn't understand to start with. So in the interest (heh) of a sound night's sleep, I've taken my exposure to BTCST to zero. (Thank you bitcoinmax for an almost instantaneously fulfilled withdrawal request)

It's just not worth it. Hope this all turns out in some manner that doesn't harm bitcoin. If the worst thing that happens is that BTC drops to $3, then I'll take that opportunity to back the truck up.

I think the purpose of this thread is to focus attention on the date Aug 14, to make people believe there's still time. The actual topic should be "yesterday's" interest pay-out. It was not a normal, simultaneous pay-out at all. Some coins saw multiple investor addresses on the same day; for example, Bitcoinmax re-investment ended up with the next customer as soon as it returned. Multiple payments look like interest that was sent much later than anticipated.

See as an example transaction c9a38ef5482a24575d9ff38cd76aa524a8ec2f498836a2b98f42e352e30874cf -- two simultaneous payments that look like interest, but 23 hours later?

I think the purpose of this thread is to focus attention on the date Aug 14, to make people believe there's still time. The actual topic should be "yesterday's" interest pay-out. It was not a normal, simultaneous pay-out at all. Some coins saw multiple investor addresses on the same day; for example, Bitcoinmax re-investment ended up with the next customer as soon as it returned. Multiple payments look like interest that was sent much later than anticipated.

See as an example transaction c9a38ef5482a24575d9ff38cd76aa524a8ec2f498836a2b98f42e352e30874cf -- two simultaneous payments that look like interest, but 23 hours later?

hmmm. Those don't look like interest payments at all. Not with such round numbers, sorry.

hmmm. Those don't look like interest payments at all. Not with such round numbers, sorry.

The same round number came one week earlier, on the exact block that paid other accounts. Also, 1400 is 7% of a non-compunding account with 20k paper coins in it, and non-compunding people might just choose round numbers.

Check out Block 189342 and how well that payment was synchronized on all of the accounts in question!

I think the purpose of this thread is to focus attention on the date Aug 14, to make people believe there's still time. The actual topic should be "yesterday's" interest pay-out. It was not a normal, simultaneous pay-out at all. Some coins saw multiple investor addresses on the same day; for example, Bitcoinmax re-investment ended up with the next customer as soon as it returned. Multiple payments look like interest that was sent much later than anticipated.

See as an example transaction c9a38ef5482a24575d9ff38cd76aa524a8ec2f498836a2b98f42e352e30874cf -- two simultaneous payments that look like interest, but 23 hours later?

from what i understand bitcoinmax is not run by pirate himself so those coins would have went into the personal wallet of pay.btc first

if someone wants a withdrawl of 100 BTC at the same time as someone else is investing 100BTC ,it wouldnt make sense for payb.tc to upload the first 100 BTC from the investor and then download another 100 btc to pay the withdrawl

it makes sense to give 100 coins that just arrived in the personal wallet to the person that wants to take out 100 coins rather than pointlessly run it all through the btcst account just to take it out again immediately ......unless im missing something